Buy to let mortgages down but not out

Posted on 26 August 2008 by Drew

1 Comment

One of the keenest debates over recent years in the mortgage market has been over buy to let mortgages. Some see them as an excellent market; others see them as a bubble waiting to burst. Buy to let mortgages really have divided the population.

Today has seen the latest figures for buy to let mortgages published from the Council of Mortgage Lenders. Unsurprisingly, like the rest of the mortgage market, buy to let has seen a downturn with new loans falling 146,000 in the first half of 2008, which is an 18% dip from the last six months. The difference here is that rental demand will remain strong, even more so as many struggle to get a mortgage they may well have previously been able to get.

Buy to let, like all mortgage decisions, is one that should never be taken lightly. Have a read of our section on buy to lets to get an idea about them. It can be found at

www.charcol.co.uk/knowledge-resources/guides/buy-to-let/

Category: Buy to let, Interest rates, Mortgages

 

Comments

Displaying comments 1 to 1 out of 1

Commercial Mortgage says:

Down and not out is correct, but I think the division lays between the new buy to let landlords and the existing landlords. Those with property portfolio's are in a good position and can make good money with high rental yields.

Posted on Wednesday, 15-10-08 00:48 by Commercial Mortgage


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